MYE definition
Examples of MYE in a sentence
An MYE may also be used to make funding available for an initial payment (advance) if there is existing contract language allowing for an advance payment to be made to a contractor.
When an MYE is used to continue cash flow during this gap period, an agency continues to submit monthly invoices until the contract is updated through a modification.
If there is a gap between the certification of an updated annual contract, and the beginning of a new contract cycle, a Multi-Year Encumbrance (MYE) is often used to continue cash flow.
I AGREE TO ABIDE BY THE NET METERING AND/OR INTERCONNECTION AGREEMENTS AND INTERCONNECTION POLICIES, BYLAWS, OTHER POLICIES, REGULATIONS, RATE SCHEDULES, AND ANY OTHER WRITTEN AGREEMENTS AS SET FORTH BY THE MYE BOARD OF TRUSTEES.
IF CUSTOMER-GENERATOR IS IN DEFAULT HEREUNDER, AND FAILS TO CURE THE DEFAULT WITHIN 10 DAYS, MYE HAS THE RIGHT TO TERMINATE THIS AGREEMENT.
The BO-Budget Unit prepares a schedule identifying the funding available for an encumbrance which is the lower of the previous year’s budget and the current year’s funding available at the time of the MYE.
An MYE may only be used if the encumbrance amount, and the time period the encumbrance covers are within the Term and Not to Exceed Amount of the current agreement.
Multi-Year Encumbrance (MYE) MYE To pay a contractor for its contracted services, funding equal to the amount of the contractor’s certified budget (Appendix B) is encumbered annually.
In other words, an MYE is a process used to continue to pay a contractor, pending the approval of an updated annual budget/Appendix B (corresponding to an updated Funding Notification letter).
Texas - WhiteRidge Plastics, LLC North Carolina MYE Automotive, Inc.